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Macau’s Ponte 16 Advances Floating Casino Project With New Land Agreement

November 6, 2024

Casino News, Latest Casino and Gambling News, World Casino News, Casino project updates, Hong Kong, Asian Casino News, Macau

Macau’s Ponte 16 resort has secured government approval to expand its facilities with a significant addition: a floating casino named the "Macau Palace." This landmark project will form part of a broader revita...

Hong Kong SFC Sues LET Group Chairman Andrew Lo for Alleged Misconduct

Johnny K.

October 2, 2024

Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Hong Kong, Gaming Industry News, Economy/Finance, Asian Casino News, Fines, Lawsuits & Litigation

The Securities and Futures Commission (SFC) of Hong Kong has initiated legal proceedings against Andrew Lo, the Chairman and controlling shareholder of both LET Group Holdings and Summit Ascent Holdings. This l...

Increase in Football Betting Duty Sees Decline in Income for Hong Kong Jockey Club

Vanja Mitic

September 6, 2024

Latest Casino and Gambling News, Gaming Industry News, Hong Kong, Economy/Finance, Financial Press Releases

The Hong Kong Jockey Club (HKJC) has reported a notable drop in income for the fiscal year ending 30 June 2024, totaling HK$14.8 billion (US$1.90 billion), a 10.5% decrease from the previous year. This decline ...

Chinese Police Intensify Crackdown on Euro 2024 Illegal Gambling Rings

Vanja Mitic

July 5, 2024

Latest Casino and Gambling News, Gaming Law & Legislation, Online gaming software, World Casino News, China, Gaming Industry News, Hong Kong, Mobile gaming, Unlicensed Operation, Online Gambling News, Asian Casino News, Sports betting, Crime

As football enthusiasts around the globe immerse themselves in the UEFA European Championship (Euro 2024), Chinese authorities have been actively disrupting a surge of illegal online gambling activities associa...

Police Crackdown on US$134 Million Illegal Bookmaking Syndicate in Guangdong, Hong Kong, and Macau

Johnny K.

July 1, 2024

Latest Casino and Gambling News, World Casino News, China, Hong Kong, Money Laundering, Illegal Bookmaking, Asian Casino News, Macau, Sports betting, Online Gambling News, Crime

In a significant breakthrough, police forces from Guangdong, Hong Kong, and Macau have successfully dismantled an illegal bookmaking syndicate, leading to the arrest of 93 suspects. The Macau Judiciary Police r...

Beijing Expands Duty-Free Shopping Limit for Mainland Chinese Tourists in Hong Kong

Johnny K.

June 29, 2024

World Casino News, China, Hong Kong, Asian Casino News, Macau

Chinese tourists are set to enjoy expanded duty-free shopping benefits in Hong Kong, as Beijing plans a substantial increase in the current purchasing limit, according to a report from the Hong Kong media outle...

Summit Ascent Expects Net Loss for Full 2023; Reports an Impairment Loss of US$56m

Marija Malenovic

April 1, 2024

Casino News, Latest Casino and Gambling News, World Casino News, Hong Kong, Gaming Industry News, Economy/Finance, Asian Casino News, Fines, Lawsuits & Litigation

It was recently reported that Summit Ascent Holdings Ltd., a subsidiary of LET Group Holdings Ltd., commented that it projects to reveal a the net loss for the entire last year, in comparison to income of HKD11...

XSGames Looking to Expand in Europe through Acquisition of Palasino Holdings’ Shares

Radosav Milutinovic

March 26, 2024

Following the 2022 US market entry, the Taiwanese gaming and investment company XSGames is working to expand its slot machine developments to European market. As reported, the online gaming content and slot mac...

Termination Notice Halts Acquisition of the Tigre de Cristal Casino in Vladivostok

Radosav Milutinovic

February 23, 2024

Casino Sales, Taiwan, Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Casino project updates, Hong Kong, Economy/Finance, European Casino News, Online Gambling News, Mergers, Acquisitions & Partnerships, Russia

The announced ownership transformation of the Tigre de Cristal integrated resort near Vladivostok in Russia has come to a halt. As reported, the Russian company Dalnevostochnyj Aktiv LLC has withdrawn from the ...

Record-Breaking Daily Visits To Macau Exceed 200,000 to Improve Casino Stocks by up to 10%

Radosav Milutinovic

February 14, 2024

Reviews from the Cotai Strip, Latest Casino and Gambling News, Casino Destinations, Casino News, World Casino News, China, Casino reviews from Macau, Gaming Industry News, Hong Kong, Macau, Online Gambling News

Macau gambling industry experiences a rapid growth these days thanks to the Lunar New Year celebrations bringing in an increased number of tourists from Mainland China and Hong Kong. The city officials have rep...

Tigre de Cristal Casino Resort’s Operator Considered for a $116 Million Sale

Radosav Milutinovic

January 11, 2024

Casino Sales, Taiwan, Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, World Casino News, Gaming Industry News, Hong Kong, Economy/Finance, Licenses, Online Gambling News, Russia

Oriental Regent Ltd, a vertical of the Hong Kong-listed Summit Ascent Holdings Ltd, is to sell its gaming and hotel operations in Russia. As reported, Oriental sells its wholly-owned subsidiary G1 Entertainment...

Macau Reaches 121,000 Daily Average in Tourist Arrivals During Christmas Holidays

Radosav Milutinovic

December 26, 2023

Casino News, Latest Casino and Gambling News, Casino Destinations, China, Casino reviews from Macau, World Casino News, Hong Kong, Gaming Industry News, Online Gambling News, Asian Casino News, Macau

As expected by the Macau gaming and travel stakeholders, the Christmas season has brought a strong visitor activity to the region. GGRAsia reports that city officials recorded more than 362,600 visitors from De...

Far East Consortium International Ltd. Receives Approval To Spin-Off And List Palasino Holdings

Marija Malenovic

September 29, 2023

Latest Casino and Gambling News, Casino News, World Casino News, Hong Kong, Gaming Industry News, Economy/Finance, Czech Republic, European Casino News, Licenses, Asian Casino News, Mergers, Acquisitions & Partnerships, Licensing

Far East Consortium International Ltd. (FEC), a flagship global real estate developer based in Hong Kong, revealed that it has got validation from the Hong Kong Stock Exchange to continue with the spin-off of P...

International Entertainment To Invest $1Billion In New Coast Hotel Manila Expansion

Radosav Milutinovic

September 28, 2023

Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, Casino Destinations, World Casino News, Casino expansion projects, Casino project updates, Casinos of the Philippines, Hong Kong, Gaming Industry News, Employment & Careers, Licenses, Asian Casino News, Online Gambling News, Labor Relations, Philippines

Hong Kong-listed leisure enterprise International Entertainment Corp will reportedly invest between US$1.0 billion and US$1.2 billion into the development and establishment of a hotel and casino resort in Manil...

Oh Luen’s Sales Manager Pleaded Guilty in Wynn Macau Bribery Case

Vanja Mitic

September 12, 2023

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Unsavory reports, Hong Kong, Gaming Industry News, Economy/Finance, Macau, Crime, Bribery, Fines, Lawsuits & Litigation

After the bribery case in Hong Kong was revealed in May last year, the sales manager who has been charged with offering various bribes has pleaded guilty. Guilty over the bribery: The employee and former d...

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Macau’s Ponte 16 Advances Floating Casino Project With New Land Agreement

Hong Kong SFC Sues LET Group Chairman Andrew Lo for Alleged Misconduct

Increase in Football Betting Duty Sees Decline in Income for Hong Kong Jockey Club

Chinese Police Intensify Crackdown on Euro 2024 Illegal Gambling Rings

Police Crackdown on US$134 Million Illegal Bookmaking Syndicate in Guangdong, Hong Kong, and Macau

Beijing Expands Duty-Free Shopping Limit for Mainland Chinese Tourists in Hong Kong

Summit Ascent Expects Net Loss for Full 2023; Reports an Impairment Loss of US$56m

Termination Notice Halts Acquisition of the Tigre de Cristal Casino in Vladivostok

Record-Breaking Daily Visits To Macau Exceed 200,000 to Improve Casino Stocks by up to 10%

Tigre de Cristal Casino Resort’s Operator Considered for a $116 Million Sale

Macau Reaches 121,000 Daily Average in Tourist Arrivals During Christmas Holidays

Far East Consortium International Ltd. Receives Approval To Spin-Off And List Palasino Holdings

International Entertainment To Invest $1Billion In New Coast Hotel Manila Expansion

Oh Luen’s Sales Manager Pleaded Guilty in Wynn Macau Bribery Case

Macau Projects MOP240B Casino Revenue for 2025 as Xi Jinping Calls for Diversification

Nevada Revokes Gaming License of Ex-MGM Executive Scott Sibella

Connecticut Sets New Record With $30.3M in Sports Betting Revenue for November

Italy Launches Nine-Year Online Gambling Licenses With €7M Fee and Comprehensive Reforms

Virgin Las Vegas Gains New Casino Operator Amid Challenges